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Constructed in 2021, Eagle Pointe is a “high-quality asset” that fits the company’s long-term strategy to upgrade its holdings by selling older buildings and acquiring new builds, CAPREIT president and CEO Mark Kenney told OBJ on Tuesday.

In documents filed with Ontario Superior Court in late January, the company reported assets valued at about US$6.9 million and debts totalling about US$10.2 million.

Four years after its reported bid to acquire U.S.-based competitor Avaya fell through, Kanata firm is taking another crack at solidifying its status as a global leader in the unified communications space.

Public Services and Procurement Canada recently confirmed it cancelled the bidding process to select a private-sector contractor to redevelop a 26-acre site at 599 Tremblay Rd. near St. Laurent Boulevard.

In financial filings this week, Ottawa-based company says it brought in $939,000 in revenues in its fiscal year ending Oct. 31, 2022, down from about $1.3 million the previous year.

New co-CEO says Ottawa firm – which develops “low-code” custom mobile apps that allow field workers in heavy industries such as oil and gas to collect, send, and receive data like maintenance and compliance reports – is “just scratching the surface” of its potential.

Backed by new ownership, the Ottawa firm that helps colleges and universities manage educational platforms and sell electronic textbooks says it’s primed to go the distance in its battle for global market supremacy.

A prominent analyst predicts Shopify could ally with Amazon as both companies navigate shifting consumer habits and an economic slowdown.

At one million square feet, One60 Elgin – which opened in 1971 and was formerly known as Place Bell – is the fourth-largest office building in Ottawa and one of the city’s most widely recognized downtown landmarks.